Vancouver, British Columbia – August 12, 2016 – A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) announces that 565,000 stock options (“Options”) granted to directors, officers and consultants of the Company as announced on August 9, 2016, have been amended to have an exercise price of $0.15 per common share (“Share”). The original exercise price was $0.12 per Share.
The Company also announces that it has issued Options to purchase 300,000 Shares of the Company to its directors, officers and consultants with an exercise price $0.15 per Share, for a period of five years.
The Company has also amended the shares for debt agreement, announced August 9, 2016 pursuant to which AIS will issue 562,000 common shares in satisfaction of $84,300 of indebtedness owed to two directors of the Company for unpaid fees and expenses. The original amount was 1,250,000 common shares in satisfaction of $125,000 of indebtedness.
About A.I.S. Resources
A.I.S Resources Limited a TSX-V listed investment issuer, was established in 1967 and is managed by seasoned professionals who have a long track record of success in the capital markets. Through their extensive business network, they identify and develop early stage projects worldwide that have strong potential for growth with the objective of providing returns for shareholders.
A.I.S. Resources Limited
President and CEO
Chairman of the Board, Director
ADVISORY: This press release contains forward-looking statements. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.